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Number of Burlington Stores Globally (2016 – 2021)

Industry: Healthcare
Current: Company Performance

Burlington Stores Inc opened a total of 79 stores in 2021
Burlington had a total of 840 stores in 2021
The company’s store base has grown from 13 stores in 1980 to 840 stores in 2021

Burlington Stores Inc, one of the leading American off-price apparel and home fashion retail firm, opened 84 new stores and closed 5 existing stores resulting in net store openings of 79 in 2021, similarly, the company also opened around 34 stores in 2020. The company’s product portfolio comprises women’s ready-to-wear apparel, menswear, youth apparel, kid's wear, baby, coats, nursery furniture, beauty, footwear, accessories, home, toys, gifts, and coats. Their operating stores, known as Burlington Stores, account for 99% of their net revenues.

In 2021, the 5 stores closed owing to the decrease in store traffic caused by the spread of the Omicron variant and restrictions in most markets, and travel restrictions meant to stop the spread of the deadly virus caused supply-chain bottlenecks, with businesses bearing the brunt of these limitations. The outbreak made most urban residents stay indoors, which led to decreased store traffic.

By the end of FY2021, Burlington Stores Inc operated 840 stores, up from 761 operational stores in 2020. Of the 840 stores in 2021, Ladies' apparel had the most sales percentage by major product category with 23%, followed by Accessories and shoes with 23%, Home with 20%, Men’s apparel with 16%, and Kid's apparel with 14%.

In 2021, comparable store sales fell 17% after increasing by 19% in the second quarter of 2021. First, lower-to-moderate income shoppers continue to face tremendous economic pressure brought on by the higher cost of living. Second, a massive overhang of inventory across the retail industry has driven a huge surge in promotional activity at other retailers, both of which were major external factors that contributed to this weak trend.

The fiscal year for Burlington is the 52- or 53-week period ending on the Saturday closest to January 31.

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